After BTC breaks through 80,000, can it still keep pushing higher next?
This BTC move really doesn’t give any chances.
It has been rallying from around 62,000, breaking 70,000, 75,000, and now it has directly climbed above 80,000 again. People who kept waiting for a pullback beforehand are basically stuck out of the market.
From the 4-hour perspective:
After breaking the previous high at 79,500, BTC surged to around 81,200. There is now a slight pullback, which is completely normal.
After a series of continuous upswings, the market needs to digest short-term profit-taking.
So here, I choose to watch for short opportunities with a small position.
Next, pay close attention to how price holds around 80,000.
If it drops back below the resistance level, there may be room for a short-term correction to open up.
The market won’t keep rising in a straight line forever.
If you dare to hold when it’s going up, and you dare to control risk when things get疯狂 (crazy), that’s what trading is about.
This BTC move really doesn’t give any chances.
It has been rallying from around 62,000, breaking 70,000, 75,000, and now it has directly climbed above 80,000 again. People who kept waiting for a pullback beforehand are basically stuck out of the market.
From the 4-hour perspective:
After breaking the previous high at 79,500, BTC surged to around 81,200. There is now a slight pullback, which is completely normal.
After a series of continuous upswings, the market needs to digest short-term profit-taking.
So here, I choose to watch for short opportunities with a small position.
Next, pay close attention to how price holds around 80,000.
If it drops back below the resistance level, there may be room for a short-term correction to open up.
The market won’t keep rising in a straight line forever.
If you dare to hold when it’s going up, and you dare to control risk when things get疯狂 (crazy), that’s what trading is about.